New Age Alpha Advisors LLC acquired a new stake in shares of Diodes Incorporated (NASDAQ:DIOD – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,057 shares of the semiconductor company’s stock, valued at approximately $348,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of DIOD. EverSource Wealth Advisors LLC increased its position in Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 205 shares during the last quarter. Farther Finance Advisors LLC increased its position in Diodes by 51.4% during the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in Diodes during the second quarter worth approximately $30,000. MAI Capital Management increased its position in Diodes by 150.0% during the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 411 shares during the last quarter. Finally, Quarry LP acquired a new position in Diodes during the third quarter worth approximately $39,000. Institutional investors and hedge funds own 99.23% of the company’s stock.
Key Stories Impacting Diodes
Here are the key news stories impacting Diodes this week:
- Positive Sentiment: Diodes’ latest earnings report was solid, with the company beating EPS and revenue estimates and posting 22.1% year-over-year revenue growth, which supports the recent move higher in the stock.
- Neutral Sentiment: The stock has been trading near its 52-week high, reflecting strong momentum after the earnings beat and improved analyst sentiment.
- Negative Sentiment: Multiple insiders, including CEO Gary Yu, CTO Francis Tang, SVP Emily Yang, SVP Andy Tsong, and insider Jin Zhao, sold shares over the past few days. This cluster of sales may make investors question whether management sees limited near-term upside at current levels. Wave of Insider Stock Sales Sweeps Through Diodes’ Executive Ranks
- Negative Sentiment: Andy Tsong’s additional sale adds to the overall insider selling trend, reinforcing the cautious signal from executive activity. Andy Tsong Sells 1,582 Shares of Diodes (NASDAQ:DIOD) Stock
Wall Street Analyst Weigh In
View Our Latest Analysis on DIOD
Insider Buying and Selling at Diodes
In related news, SVP Andy Tsong sold 1,582 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.95, for a total transaction of $169,194.90. Following the completion of the sale, the senior vice president directly owned 48,170 shares of the company’s stock, valued at approximately $5,151,781.50. This trade represents a 3.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jin Zhao sold 3,689 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.86, for a total transaction of $394,206.54. Following the sale, the insider directly owned 43,531 shares of the company’s stock, valued at approximately $4,651,722.66. The trade was a 7.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 52,651 shares of company stock worth $5,580,823. 1.70% of the stock is currently owned by insiders.
Diodes Price Performance
Diodes stock opened at $109.89 on Friday. Diodes Incorporated has a 52-week low of $42.28 and a 52-week high of $117.80. The firm has a fifty day moving average of $90.41 and a 200-day moving average of $68.30. The firm has a market capitalization of $5.05 billion, a P/E ratio of 59.72 and a beta of 1.93. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.
Diodes (NASDAQ:DIOD – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The company had revenue of $405.47 million during the quarter, compared to analyst estimates of $396.33 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, analysts predict that Diodes Incorporated will post 2.58 EPS for the current year.
About Diodes
Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.
Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.
Further Reading
- Five stocks we like better than Diodes
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Want to see what other hedge funds are holding DIOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diodes Incorporated (NASDAQ:DIOD – Free Report).
Receive News & Ratings for Diodes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes and related companies with MarketBeat.com's FREE daily email newsletter.
